Teachers Retirement System of The State of Kentucky Sells 3,400 Shares of Trinseo PLC (NYSE:TSE)

Teachers Retirement System of The State of Kentucky lowered its stake in Trinseo PLC (NYSE:TSEFree Report) by 28.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,444 shares of the basic materials company’s stock after selling 3,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trinseo were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in Trinseo by 6.7% during the first quarter. Raymond James & Associates now owns 52,713 shares of the basic materials company’s stock valued at $2,526,000 after buying an additional 3,316 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Trinseo by 94.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,701 shares of the basic materials company’s stock valued at $177,000 after buying an additional 1,800 shares during the period. Citigroup Inc. lifted its position in Trinseo by 7.4% during the first quarter. Citigroup Inc. now owns 33,325 shares of the basic materials company’s stock valued at $1,597,000 after buying an additional 2,284 shares during the period. Rhumbline Advisers lifted its position in Trinseo by 8.3% during the first quarter. Rhumbline Advisers now owns 99,794 shares of the basic materials company’s stock valued at $4,782,000 after buying an additional 7,647 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Trinseo by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,481 shares of the basic materials company’s stock valued at $1,604,000 after buying an additional 4,128 shares during the period. Institutional investors own 92.64% of the company’s stock.

Trinseo Stock Performance

Shares of Trinseo stock opened at $3.97 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.17 and a debt-to-equity ratio of 108.42. The firm has a market capitalization of $139.81 million, a P/E ratio of -0.20 and a beta of 1.56. The business has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $6.48. Trinseo PLC has a 12 month low of $3.88 and a 12 month high of $22.67.

Trinseo (NYSE:TSEGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported ($2.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($1.48). The company had revenue of $837.50 million during the quarter, compared to analysts’ expectations of $884.14 million. Trinseo had a negative return on equity of 905.55% and a negative net margin of 19.08%. During the same period in the prior year, the firm earned ($1.72) EPS. On average, equities analysts forecast that Trinseo PLC will post -4.91 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 3rd. Trinseo’s dividend payout ratio is presently -0.20%.

About Trinseo

(Free Report)

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.

Further Reading

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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